The Crypto Daily – Movers and Shakers – September 20th, 2021

A mixed start to the day saw Bitcoin rise to a late morning intraday high $48,370.3 before hitting reverse.

Falling short of the first major resistance level at $49,063, Bitcoin slid to a late intraday low $46,837.0.

Bitcoin fell through the first major support level at $47,310 to end the day at sub-$47,300 levels. Finding late support, Bitcoin moved back through to $47,200 levels.

The near-term bullish trend remained intact, in spite of the latest return to $43,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Sunday.

Cardano’s ADA (-3.76%), Chainlink (-3.70%), and Litecoin (-3.10%) led the way down, with Coin (-2.29%), Ethereum (-3.13%) and Ripple’s XRP (-2.58%) also struggling.

Binance Coin (-0.58%), Bitcoin Cash SV (-1.58%), and Polkadot (-0.79%) saw modest losses, however.

It was a mixed week ending 19th September for the majors. Coin bucked the trend, rising by 2.81%.

It was a bearish week for the rest of the major, however.

Cardano’s ADA slid by 11.58% to lead the way down, with Chainlink (-6.99%), Polkadot (-7.88%), and Ripple’s XRP (-6.41%) also struggling.

Binance Coin (-1.90%), Bitcoin Cash SV (-0.24%), Ethereum (-2.21%), and Litecoin (-3.94%) saw relatively modest losses, however.

In the week, the crypto total market fell to a Monday low $1,957bn before rising to a Thursday high $2,245bn. At the time of writing, the total market cap stood at $2,111bn.

Bitcoin’s dominance fell to a Monday low 40.36% before rising to a Friday high 42.30%. At the time of writing, Bitcoin’s dominance stood at 42.02%.